‘No hope on my salary’: Young South Koreans turn to early investing

SEOUL: Twenty-eight-year-old Kim goes on a five-hour trip to Ulsan, or any other region, as soon as she gets off work on a weekday. Not for sightseeing or to visit friends, but for property viewing. “I get off work at 6pm then head to Seoul Station to go for imjang - a Korean term for site...

Hong Kong’s top developer sells out homes in hours as rates fall

HONG KONG: Hong Kong’s biggest property developer Sun Hung Kai Properties Ltd sold out the first batch of homes for a new project within hours, as the lowest mortgage rates in more than two years lured buyers. Sun Hung Kai sold all 160 units in the 1B phase of Sierra Sea, a residential development in the...

Taiwanese Star Richie Ren Reportedly Spent S$40mil Buying “A Whole Street Of Houses” In China

He’s said to have a net worth of S$89.7mil, a sum he amassed from smart property investments. It appears Taiwanese star Richie Ren has quite the eye for property. The 58-year-old singer, who has been in showbiz for 34 years, has a reported net worth of TW$2.2bil (S$89.7mil), much of it was amassed through his astute real estate investments. According to Taiwanese...

Four ‘Datuks’ held, over RM3bil in assets seized or frozen in massive police op

PETALING JAYA: A large-scale operation against scams and money laundering has led to the arrest of four suspects with "Datuk" titles and the seizure or freezing of assets worth over RM3bil. Inspector-General of Police Tan Sri Razarudin Husain said they were among eight suspects aged 44 to 62 detained during Ops Northern Star on March 20. The...

Japan’s “Most Frugal Woman”, 39, Spends S$1.80 A Day On Food, Owns 3 Houses & A Cat Cafe

For those who have never thought much about saving money, perhaps this story would serve as motivation to start. Saki Tamogami, 39, is now known as Japan’s “Most Frugal Woman” after achieving her goal of buying three houses in less than 15 years. Saki was just 19 when she decided that she wanted to own three houses by the age...

S P Setia initiates legal proceedings against former senior management for alleged breaches of duties

PETALING JAYA: S P Setia Bhd has initiated legal proceedings against its former senior management over alleged breaches of duties linked to the purchase of lands in Kota Kinabalu, Sabah, as well as the sale of units under the company’s Aeropod project. In a filing with Bursa Malaysia, S P Setia said Datuk Wong Tuck Wai...

Setia celebrates 50th anniversary

CELEBRATING a landmark 50 years in property development, Setia has marked this significant milestone with a grand celebration, reflecting on its five decades of innovation and growth. To ring in the 50th-anniversary festivities, Setia organised a vibrant event, dubbed “Celebrating Spaces” at Oval Lawn in Setia Park City, Setia Alam on July 21, to commemorate the...

Carina Lau Reportedly Made S$3.7Mil From Selling Waterfront Condo In Hong Kong

The four bed-room apartment was sold for S$12.8mil, boosting her already hefty net worth. Carina Lau is one of Hong Kong’s richest actresses, with an estimated net worth of HK$800mil (S$142mil). Besides acting, the 56-year-old made her riches from her restaurant and nightclub businesses in Hong Kong, Beijing and Shanghai, as well as real estate investments. Together with her hubby, movie legend Tony Leung,...

Jack Ma’s wife bought three prestige properties in Singapore: Report

SINGAPORE: The wife of Chinese billionaire Jack Ma (pic left) has acquired three so-called shophouses in Singapore, the Business Times reported, properties that are among the city-state’s most highly prized. Zhang Ying (pic right) paid between S$45 million (US$34 million) and S$50 million, the Business Times said, without specifying where it got the information. The niche market...

Apartment In Which Late HK Actress Lai Suk Yin Killed Herself Sold At S$1.7Mil Loss

The 1,035 sq ft North Point condo is being offloaded for S$2.7mil a month after her death. The luxury apartment in which late Hong Kong actress Lai Suk Yin took her life has been put on the market a month after her death. Suk Yin, best known for her role in 1996 Hong Kong triad film Young and Dangerous 3, committed suicide by burning...